Domestic and foreign molybdenum price rise continued

Key words: molybdenum, molybdenum concentrate, molybdenum iron, molybdenum oxide, ammonium molybdate, molybdenum products, molybdenum powder

      Overnight MW quotation: $0.1 (11.95-12.15) for international molybdenum oxide ($1789-1819 yuan / tonnage) and $0.1 (29-29.2) for ferromolybdenum ($60% for local European yuan ($1181-119,000 / tonnage)

      The difficulty of low-price purchasing is further increased, and the shortage of spot supply is unabated. Today's molybdenum concentrate quotation range is 1850-1950 yuan per ton. Mainstream quotations in the ferromolybdenum market continued to rise, with the quotations of major enterprises rising to 134-139,000 yuan / ton, approaching the July peak of 140,000 yuan / ton. The quotation of ammonium molybdate enterprise increases with the cost. At present, the reference price of ammonium tetramolymolybdate is between 129 and 131,000 yuan / ton. The environmental factors increase the sentiment of despising sales. The cost of raw materials has risen, and most enterprises are optimistic about the future of molybdenum powder enterprises holding mentality, the current reference price of primary molybdenum powder in 263-268 million yuan / ton.

Molybdenum products: price support and pressure coexistence

      At the beginning of the week, the quotations of many mainstream molybdenum powder enterprises in China were raised. At present, the reference price of first-class molybdenum powder is 263-268,000 yuan / ton, and some enterprises offer higher prices. The rising cost of raw materials at this stage, as well as the bullish holding mentality of most enterprises in the future, both support high prices.

      Downstream purchases of high-priced molybdenum powder will be weak, many enterprises have a strong willingness to pressure, most small and medium-sized molybdenum products enterprises said that they will not purchase low-priced raw materials temporarily.